Peloton Interactive, Inc. $PTON Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its holdings in Peloton Interactive, acquiring an additional 1,683,053 shares, raising its stake by 236.5% to approximately 2.39 million shares.
• Peloton's latest quarterly earnings report showed a profit of $0.05 per share, surpassing analyst expectations of a loss, but revenue declined by 5.8% year-over-year.
• Several major financial institutions have recently modified their positions in Peloton, with institutional investors now holding 77.01% of the company's stock.

Jump Financial LLC grew its stake in Peloton Interactive, Inc. (NASDAQ:PTON - Free Report) by 236.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,394,660 shares of the company's stock after purchasing an additional 1,683,053 shares during the quarter. Jump Financial LLC owned approximately 0.61% of Peloton Interactive worth $15,134,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Peloton Interactive by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,060 shares of the company's stock valued at $2,471,000 after purchasing an additional 11,008 shares in the last quarter. Oder Investment Management LLC acquired a new stake in shares of Peloton Interactive in the 1st quarter valued at about $336,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Peloton Interactive by 385.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,476 shares of the company's stock valued at $382,000 after purchasing an additional 48,023 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Peloton Interactive in the 1st quarter valued at about $431,000. Finally, Wexford Capital LP acquired a new stake in shares of Peloton Interactive in the 4th quarter valued at about $764,000. Institutional investors and hedge funds own 77.01% of the company's stock.

Insider Activity at Peloton Interactive

In other news, CAO Saqib Baig sold 21,736 shares of Peloton Interactive stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $7.62, for a total transaction of $165,628.32. Following the sale, the chief accounting officer owned 155,284 shares of the company's stock, valued at approximately $1,183,264.08. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nick V. Caldwell sold 66,949 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $8.42, for a total transaction of $563,710.58. Following the completion of the transaction, the insider owned 600,761 shares of the company's stock, valued at $5,058,407.62. This trade represents a 10.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 977,880 shares of company stock valued at $7,793,580. Company insiders own 1.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PTON shares. Morgan Stanley boosted their price objective on shares of Peloton Interactive from $4.00 to $5.75 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Peloton Interactive in a research report on Thursday, August 7th. UBS Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $7.50 to $11.00 in a research report on Wednesday, July 30th. Truist Financial set a $11.00 price objective on shares of Peloton Interactive in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group raised shares of Peloton Interactive from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $7.00 to $11.50 in a research report on Friday, August 8th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Peloton Interactive has an average rating of "Hold" and a consensus price target of $9.29.

Peloton Interactive Trading Up 2.9%

PTON opened at $7.91 on Friday. The business's 50 day moving average is $6.93 and its 200-day moving average is $6.92. The stock has a market cap of $3.23 billion, a PE ratio of -25.52 and a beta of 2.08. Peloton Interactive, Inc. has a twelve month low of $4.12 and a twelve month high of $10.90.

Peloton Interactive (NASDAQ:PTON - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.12. The business had revenue of $606.90 million for the quarter, compared to the consensus estimate of $580.29 million. The business's quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm posted ($0.08) EPS. Peloton Interactive has set its FY 2025 guidance at EPS. As a group, analysts forecast that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

About Peloton Interactive

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.